Wedbush Securities Inc. Takes Position in PIMCO California Municipal Income Fund III (NYSE:PZC)

Wedbush Securities Inc. bought a new position in shares of PIMCO California Municipal Income Fund III (NYSE:PZC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,734 shares of the investment management company’s stock, valued at approximately $142,000.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of PIMCO California Municipal Income Fund III during the 4th quarter worth about $29,000. Conrad Siegel Investment Advisors Inc. purchased a new stake in PIMCO California Municipal Income Fund III during the fourth quarter worth approximately $80,000. Virtu Financial LLC acquired a new position in PIMCO California Municipal Income Fund III in the fourth quarter valued at approximately $86,000. Beta Wealth Group Inc. purchased a new position in PIMCO California Municipal Income Fund III in the fourth quarter valued at approximately $142,000. Finally, Bank of New York Mellon Corp purchased a new position in PIMCO California Municipal Income Fund III in the fourth quarter valued at approximately $249,000.

PIMCO California Municipal Income Fund III Stock Performance

Shares of NYSE:PZC opened at $6.16 on Friday. The firm has a 50 day simple moving average of $6.68 and a 200-day simple moving average of $6.95. PIMCO California Municipal Income Fund III has a twelve month low of $6.07 and a twelve month high of $7.65.

PIMCO California Municipal Income Fund III Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Friday, April 11th will be paid a $0.0295 dividend. The ex-dividend date is Friday, April 11th. This represents a $0.35 annualized dividend and a yield of 5.75%.

PIMCO California Municipal Income Fund III Company Profile

PIMCO California Municipal Income Fund III is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets. It seeks to invest in stocks of companies operating across diversified sectors.